Sea's three-engine model is firing again — Shopee dominant in SE Asia e-commerce with improving take rates, Garena Free Fire revival driven by India relaunch and content updates, and SeaMoney scaling profitably. The TikTok Shop competitive threat that hammered the stock in 2023 has stabilized. Strong cash generation funding capital return.
Thesis reviewed May 29, 2026
Sea Limited is headquartered in Singapore, which is currently showing moderate signals.
🇸🇬Singapore52NEUTRALView Singapore risk detail →💻Technology26WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| HUBS | HubSpot Inc. | 33 | +10% | ↓8% | EARLY |
| BABA | Alibaba Group Holding Ltd | 30 | +17% | ↓8% | EARLY |
| NTES | NetEase Inc | 30 | +10% | ↓8% | EARLY |
| SAP | SAP SE | 30 | +8% | ↓8% | EARLY |
| PSO | Pearson PLC | 30 | +10% | ↓8% | NEUTRAL |
| ACN | Accenture plc | 30 | +7% | ↓8% | NEUTRAL |
| TCS | Tata Consultancy Services Ltd | 30 | +11% | ↓8% | EARLY |
Investors who hold SE may also have indirect exposure through these country funds.
Shopee gross merchandise value +28% YoY; take rate up 200bps
Garena Free Fire India daily users hit record post-relaunch
SeaMoney consumer credit book scaling with credit quality holding
Estimates · Yahoo Finance · Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| Josh GottheimerNJ | D | Buy | Unknown amount | Apr 8, 26 | +6.1% |
| Josh GottheimerNJ | D | Buy | Unknown amount | Jan 14, 26 | -27.7% |
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